Forget a double-header. The market is about to get a quadruple-header that could reset the trajectory of stocks and bonds.
By Thursday night, investors will have heard from the Fed and three of the biggest spenders in the AI trade: Alphabet, Microsoft, and Amazon.
The throughline will be a familiar one: Can Big Tech keep pouring money into AI infrastructure without breaking investors’ faith in the payoff?
Here’s a timeline of what investors will be looking for from each event, and how the market could respond:
Wednesday, 2 p.m. ET: Fed decision and Kevin Warsh presser
What investors are looking for: The Fed is widely expected to hold rates steady, so the focus will be on messaging from Chair Kevin Warsh. Will he sound worried about sticky inflation and higher energy prices? Or will he leave the door open to holding off on another hike by the end of the year? The latter would force markets to rethink their expectation of a December hike, which…